Mortgage Rates Tick Down by Scott Davis
Mortgage rates finally took a break from a solid month of daily increases and actually fell a little this week. According to Bank Rate Monitor's daily survey of lending institutions, the average 30-year and 15-year fixed mortgage rates dropped to 8.34% and 8.03% respectively on Thursday. The one-year adjustable rate edged up to 6.11% while the 30-year jumbo fell to 8.64%. A late stock market sell-off fed a rally in Treasury bond prices on Thursday, sending the yield on the benchmark 10-year note down to 6.40%, a drop of 7 basis points (0.07%) from Wednesday. The 30-year Treasury bond yield dipped to 6.11%. The late afternoon decline in stocks left the Dow Jones Industrial Average off 211.43 points to 10,323.93, while the Nasdaq composite dropped 65.26 points to 3,205.35. Selected Stocks - Closing Prices Thursday, May 25 | Company | Ticker | Price | Change | HomeStore.com
| HOMS
| 22
| - 2 1/16
| HomeSeekers.com
| HMSK
| 2 23/32 | - 3/32
| Cendant
| CD
| 13 9/16
| + 1/16
| Homeservices.com
| HMSV
| 9 3/8
| - 1/16
| Realco, Inc.
| RLCO
| 2 1/8
| - 1/4
| Kennedy-Wilson
| KWIC
| 4 7/8
| + 1/8
| E-Loan
| EELN
| 3 15/16
| - 1/16
| LendingTree
| TREE
| 5 1/8
| + 3/16
| Countrywide
| CCR
| 31 3/16
| - 9/16
| Vista Info
| VINF
| 2 1/16
| + 1/16
| Internet Pictures Corp.
| IPIX
| 10 1/16
| - 1
| Champion Enterprises
| CHB
| 5 13/16
| + 1/16
| Centex Corp.
| CTX
| 22 3/16
| - 1/16
| Pulte Corp.
| PHM
| 21 9/16
| - 1/8
|
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